Table 12-4 -Refer to Table 12-4.Suppose That the Government Imposes a $2

Multiple Choice

Table 12-4

-Refer to Table 12-4.Suppose that the government imposes a $2 tax on delights,causing the price to increase from $4.00 to $6.00.Total consumer surplus

A) falls by less than the tax revenue generated.
B) falls by more than the tax revenue generated.
C) falls by the same amount as the tax revenue generated.
D) will not fall since Jennifer will no longer be in the market.